Weekly Channel Summary
The Cryptocurrency ETF channel closed the week with $121.17B in total assets under management across 91 funds from 26 issuers. The channel experienced net outflows of $151M over the past five days, though it remains positive on the year. Year-to-date net flows stand at $861M, while the one-year total is a more substantial $5.09B.
This Week’s Performance Leaders and Laggards
Ethereum-focused funds led performance this week, posting a collective gain of 3.44% despite being down 14.47% year-to-date. In contrast, Bitcoin funds were the worst performers, falling 3.21% for the week. Altcoin funds managed a slight gain of 0.35% and remain the only category with positive year-to-date performance, up 13.63%. Multicoin funds also finished the week in the red with a 2.13% decline.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Ethereum | 3.44% | 35.15% | 51.07% | 22.25% | -14.47% | -42.69% |
| Altcoin | 0.35% | 53.16% | 62.81% | 84.70% | 13.63% | 887.66% |
| Multicoin | -2.13% | 24.54% | 25.57% | 9.91% | -13.65% | -36.01% |
| Bitcoin | -3.21% | 21.75% | 21.41% | 9.14% | -11.93% | -32.80% |
Top & Bottom 5 ETFs by Weekly Performance
The 21shares Polkadot Staking ETF Shares of Beneficial Interest (TDOT) was the week’s top performer, surging 19.74%. Grayscale Zcash Trust (ZCSH) also had a strong week, rising 12.69%. On the other end of the spectrum, the 21Shares Canton Network ETF (TCAN) saw the largest decline, dropping 8.06%. Several Hyperliquid-focused funds also struggled, with products from 21Shares, Bitwise, and Grayscale all falling around 5%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| TDOT | 21shares Polkadot Staking ETF Shares of Beneficial Interest | 19.74% |
| ZCSH | Grayscale Zcash Trust | 12.69% |
| LTCC | Canary Litecoin ETF | 5.38% |
| ETH | Grayscale Ethereum Staking Mini ETF | 3.50% |
| ETHB | iShares Staked Ethereum Trust ETF | 3.47% |
| Bottom Performers | ||
| TCAN | 21Shares Canton Network ETF | -8.06% |
| THYP | 21shares Hyperliquid Staking ETF | -5.05% |
| BHYP | Bitwise Hyperliquid ETF Common Shares of Beneficial Interest | -4.90% |
| HYPG | Grayscale Hyperliquid Staking ETF | -4.86% |
| GSUI | Grayscale Sui Staking ETF | -4.36% |
Analyzing the Weekly Flows
The cryptocurrency channel saw net outflows of $151M, driven almost entirely by the Bitcoin category which shed $307M. This was partially offset by continued interest in Altcoin funds, which attracted the most new capital with $147M in net inflows. Ethereum and Multicoin funds also saw modest inflows, collecting $8M and $2M respectively. The significant redemptions from Bitcoin funds reversed the positive momentum seen over the past month.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Altcoin | 43 | $4.70B | $147M | $632M | $883M | $1,845M | $4,667M |
| Ethereum | 13 | $15.70B | $8M | $1,732M | $1,962M | $786M | $380M |
| Multicoin | 13 | $1.24B | $2M | $99M | $273M | $134M | $29M |
| Bitcoin | 22 | $99.52B | -$307M | $3,063M | $1,523M | -$1,904M | $15M |
Top & Bottom 5 ETFs by 5-Day Flow
Investor demand was highly concentrated in a few specific funds, with the Grayscale Zcash Trust (ZCSH) leading all ETFs by attracting $121M in new assets. However, these inflows were overshadowed by significant redemptions from two major Bitcoin ETFs. The ARK 21Shares Bitcoin ETF (ARKB) experienced the largest outflows at -$234M, followed by the Grayscale Bitcoin Trust ETF (GBTC), which lost $129M.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| ZCSH | Grayscale Zcash Trust | $121M |
| IBIT | iShares Bitcoin Trust ETF | $84M |
| ETHB | iShares Staked Ethereum Trust ETF | $53M |
| ETHA | iShares Ethereum Trust ETF | $49M |
| MSBT | Morgan Stanley Bitcoin Trust ETF | $16M |
| Outflows | ||
| ARKB | ARK 21Shares Bitcoin ETF | -$234M |
| GBTC | Grayscale Bitcoin Trust ETF | -$129M |
| FETH | Fidelity Ethereum Fund ETF | -$64M |
| BITO | ProShares Bitcoin ETF | -$32M |
| ETHE | Grayscale Ethereum Staking ETF | -$17M |
Issuer League Table Update
iShares and Grayscale continue to dominate the cryptocurrency space, commanding 58.00% and 16.47% of the market share, respectively. iShares also led the week in asset gathering, pulling in $186M in net inflows across its fund lineup. On the other hand, 21Shares faced the most significant redemptions, with net outflows totaling $235M for the week, largely due to activity in its flagship Bitcoin product.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 3 | $70.27B | 58.00% |
| Grayscale | 12 | $19.95B | 16.47% |
| Fidelity | 3 | $15.37B | 12.69% |
| Bitwise | 11 | $5.64B | 4.65% |
| 21Shares | 12 | $2.82B | 2.33% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $186M |
| Bitwise | $19M |
| Morgan Stanley | $17M |
| Outflows | |
| 21Shares | -$235M |
| Fidelity | -$58M |
| Grayscale | -$38M |
For a deeper dive into these trends, access our FREE, in-depth Cryptocurrency ETF reports in the right side panel of this page.
Disclosures
This material is for informational purposes only and should not be considered investment advice. All investments, including ETFs, involve risk, including the possible loss of principal. Investors should consider their investment objectives, risks, charges, and expenses carefully before investing.
This analysis was developed by the team at ETF Action. We leverage advanced AI tools to assist in the drafting and refinement of our content, based on our expert prompts, direction, and final review.
